Meeder Asset Management Inc. Has $34,000 Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Meeder Asset Management Inc. lowered its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 25.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 99 shares of the company’s stock after selling 33 shares during the period. Meeder Asset Management Inc.’s holdings in CrowdStrike were worth $34,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empirical Asset Management LLC bought a new position in shares of CrowdStrike in the fourth quarter valued at approximately $11,310,000. Arcadia Investment Management Corp MI lifted its stake in CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after acquiring an additional 2,814 shares in the last quarter. Greenleaf Trust boosted its holdings in CrowdStrike by 53.4% during the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock worth $1,015,000 after acquiring an additional 1,033 shares during the last quarter. Trifecta Capital Advisors LLC grew its stake in shares of CrowdStrike by 2,140.3% in the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock worth $3,066,000 after acquiring an additional 8,561 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of CrowdStrike by 42.6% during the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock valued at $15,263,000 after purchasing an additional 13,323 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $371.49 on Thursday. The company has a market capitalization of $92.08 billion, a P/E ratio of 728.43, a P/E/G ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The company has a fifty day moving average of $387.85 and a 200-day moving average of $351.03.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CRWD shares. Wells Fargo & Company upped their price objective on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. UBS Group reduced their target price on CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Mizuho lifted their price target on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. upped their price objective on CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Finally, BTIG Research raised CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 target price for the company in a research report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $400.88.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,496 shares of the company’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the sale, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. This represents a 3.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the transaction, the insider now owns 98,214 shares in the company, valued at approximately $34,857,130.74. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 114,551 shares of company stock valued at $43,527,642 over the last 90 days. Insiders own 4.34% of the company’s stock.

About CrowdStrike

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.